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The Diary of a CEOThe Diary of a CEO

Classpass Founder: Quitting My 9-5 Led To A $1 Billion Business: Payal Kadakia | E141

This episode is part of our USA series, over the coming weeks you will get to see some incredible conversations with guests the likes of which we’ve never seen before. Bringing more value, more incredible stories, and more world-beating expertise. Payal is the founder of Classpass, the billon dollar app that’s been the ticket to every skill and passion for its millions of users. Today she shares exactly how she got there. The sheer determination with which she ruthlessly sets her goals and priorities, and then systematically chases after them with everything she’s got, was hugely inspiring to me, and I’m sure it will be to you too. 00:00 Intro 01:26 What made you different? 10:18 Battling between your passion and 9-5 14:43 Rebelling for your purpose 18:24 Changing careers and finding new communities 20:54 Confidence, purpose, and drive to success 26:13 Why did you start ClassPass? 40:18 What difficulties did you face starting your business? 52:06 Living in line with your values 54:57 What were you like as a manager? 59:05 Why did you step away from ClassPass? 01:03:07 Work and family balance 01:06:53 Therapy sessions 01:09:00 Our last guest’s question Payal: https://twitter.com/payalkadakia https://www.instagram.com/payal Payal's book: https://www.amazon.co.uk/LifePass-Groundbreaking-Approach-Goal-Setting/dp/1399706756 Listen on: Apple podcast - https://podcasts.apple.com/gb/podcast... Spotify - https://open.spotify.com/show/7iQXmUT... FOLLOW ► Instagram: https://www.instagram.com/steven/ Twitter: https://twitter.com/SteveBartlettSC Linkedin: https://www.linkedin.com/in/steven-ba... Sponsors: Huel - https://my.huel.com/Steven Myenergi - https://bit.ly/3oeWGnl Vodafone Business - https://bit.ly/3NIM35n https://bit.ly/3AuPKsA Location courtesy of The Nightfall Group: www.nightfallgroup.com

Steven BartletthostPayal Kadakiaguest
May 8, 20221h 12mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

From Lonely Consultant To Unicorn Founder: Payal Kadakia’s Purpose Journey

  1. In this conversation, ClassPass founder Payal Kadakia unpacks how a childhood love of dance and the pain of not fitting in became the fuel behind a billion‑dollar company.
  2. She traces her path from immigrant expectations and elite consulting to quitting her job, enduring years of failed products, and finally discovering the subscription model that unlocked explosive growth.
  3. Kadakia emphasizes being ‘mission-obsessed, not product-obsessed’, the importance of financial and emotional preparation before leaping, and the high personal costs of entrepreneurship on health, relationships, and loneliness.
  4. Now a mother and no longer CEO, she reflects on redefining success around purpose, time, and family, while still believing everyone has a calling beyond a conventional nine‑to‑five.

IDEAS WORTH REMEMBERING

5 ideas

Anchor your career decisions in a deeply felt purpose, not external expectations.

Kadakia’s ‘light’ was the feeling she got from dance—making others feel something and being her most authentic self. That clarity let her recognize that excelling in consulting without passion was a hollow victory. She argues that following societal checklists (job, marriage, house) without interrogating your own expectations leads to emptiness and, eventually, hopelessness. Action: audit your life against what genuinely lights you up rather than what earns approval.

Use conformity strategically, then consciously choose when to rebel.

She ‘earned her stripes’—elite education, Bain, Warner—meeting her parents’ and society’s expectations while quietly building savings, skills, and credibility. Only after checking those boxes did she rebel in a directed way, toward her purpose. Action: stop seeing rebellion as random; decide what expectations are useful (skills, network, safety net) and where you must diverge to feel alive.

Treat failure as data and be mission-obsessed, not product-obsessed.

Her first product burned through roughly $500,000 and a year of work, garnered press and followers, but almost no bookings—“false signals of success.” The turning point was detaching from the original OpenTable-style idea and re-attaching to the mission: get people to class. That mindset allowed her to kill names, products, and pricing repeatedly until the ClassPass subscription emerged. Action: define your mission in one sentence and make every product and metric subordinate to that.

Talk to real customers and watch what they actually do, not what you hope they’ll do.

Early on, Kadakia’s team hid behind screens in an incubator instead of being in studios. Once they started interviewing studio owners and users, they discovered studios were happy to offer free trials and customers loved variety. When users tried to rebuy a one-time ‘Passport’ over and over, that behavior revealed the demand for an ongoing multi-studio subscription. Action: schedule regular field time with users and partners; treat unexpected behaviors as clues, not anomalies.

Design your finances intentionally so money doesn’t suffocate your purpose.

Knowing money is the main excuse people give for not pursuing purpose, she lived lean, skipped travel and shopping, and built a savings buffer. Before quitting, she and her father calculated she had three years of runway to try entrepreneurship without panicking over bills. That safety let her focus on solving the right problem rather than on survival. Action: decide explicitly what you’ll sacrifice to build a runway (time, lifestyle, geography) and for how long.

WORDS WORTH SAVING

5 quotes

Everyone wanted to box me into something, and I just refused to be boxed.

Payal Kadakia

You can have a life and make your people proud, but you're gonna be on the other side of it and feel empty.

Payal Kadakia

I spent half a million dollars building a product that didn't work.

Payal Kadakia

Be mission-obsessed, not product-obsessed.

Payal Kadakia

If you go towards purpose, even if you’re rebelling, I guarantee your life will be more fulfilling.

Payal Kadakia

Identity, immigrant upbringing, and discovering purpose through danceConformity vs. rebellion and breaking away from expected life pathsQuitting a prestigious consulting career and early entrepreneurshipBuilding ClassPass: false starts, pivots, and finding product–market fitMoney, saving, risk, and setting yourself up to take big swingsBurnout, loneliness, mental health, and goal-setting for a whole lifeLeadership evolution, delegating the CEO role, and balancing family and ambition

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